By the judgment delivered on 30 October 2018, the Bucharest Court of Appeal ordered in the first instance to suspend the execution of the ANAF Order no. 1960 / 08.06.2018. By this Order, as of 10 November, a new obligation is the obligation for economic operators of energy products (gasoline, diesel oil, gasoline, liquefied petroleum gas and biofuel), namely to have storage facilities....more »

Deloitte Romania assisted Unilever, a leading food, personal care and cleaning agents provider, in the acquisition of the largest local ice cream producer, Betty Ice, run by the entrepreneur Vasile Armenean. Unilever entered the local ice cream mar...more »

The Baylor Marea Neagră Foundation, represented by NNDKP, may continue to donate the medicines necessary for treating severe conditions after having won a court dispute against the Romanian fiscal authorities.  The Romanian fiscal bodies refused to authorize the VAT-exempt import of the medicines necessary for treating several serious conditions, including HIV/AIDS infection, anemia caused by chronic renal diseases and certain types of cancer....more »

Maravela si Asociații assisted Precision for Medicine, part of Precision Medicine Group, in connection with the Romanian law aspects of its multimillion EUR value cross-border acquisition of Argint International. ...more »

Ţuca Zbârcea & Asociaţii offered legal assistance services to the bank syndicate and the team of lawyers included Mihai Dudoiu, Partner, Cătălin Georgescu, Managing Associate and Sergiu Negreanu, Attorney-at-Law.The MedLife Board of Directors si...more »

The Romanian High Court of Cassation and Justice (HCCJ) suspended by final ruling the Central Tax Commission decision that qualifies, from a fiscal standpoint, the wind turbine tower as a building, thus taxing it as a regular building. Berechet R...more »

Advent International, one of the largest global private equity investors, announced that it has completed its acquisition of Zentiva, Sanofi’s European generics business for €1,9 billion. Law firm Ţuca Zbârcea & Asociaţii has assisted Sanofi in the Romanian law aspects of this transaction (mainly corporate and commercial, mergers and acquisitions, capital markets, etc.). The team was coordinated by Sorin Vlădescu, partner of Ţuca Zbârcea & Asociaţii (corporate and commercial law, mergers and acquisitions) and Silvana Ivan, partner of Ţuca Zbârcea & Asociaţii (capital markets)....more »

Deloitte Romania’s Corporate Finance practice has advised the shareholders of Fabryo, the leading Romanian decorative coatings manufacturer, in the successful sale of 100% of the shares to Akzo Nobel N.V..  The transaction was completed on October 1st, 2018, after receiving regulatory approvals....more »

Mid Europa Partners, the leading private equity investor in Central and Eastern Europe, announced that it has entered into an agreement to acquire 100% of shares in Urgent Cargus from Abris Capital Partners. The transaction is subject to customary ...more »

A team from Wolf Theiss Bucharest Litigation and Arbitration Department, coordinated by Ligia Cecilia Popescu, Partner, obtained a first-instance decision in a litigation worth EUR 180 million against the majority shareholder of Electroputere Craiova, Al Arrab Company Saudi Arabia, member of the Al Rajhi group....more »